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| Westland Bunker, 550 Club Drive, Montgomery, Northwest Houston, TX |
HOUSTON, TX, Sept. 8, 2015
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured
$33.5 million in senior financing in conjunction with the recapitalization of
Westland Bunker, a 2N data center and office complex in Montgomery, a
northwestern suburb of Houston, Texas.
Working on behalf of the
borrower, Houston Bunker, LLC, HFF placed the loan with Sovereign Bank and
Hillcrest Bank.
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| Colby Mueck |
Westland Bunker is
situated on a 50-acre campus at 550 Club Drive about 45 miles north of
Houston’s central business district.
This location places the asset near approximately 26 Fortune 500
headquarters, second only to New York City, and within close proximity to more
than 3,700 energy-related firms including the new ExxonMobil campus.
The property consists of a
19,116-square-foot, two-story, underground data center and a four-story,
61,086-square-foot office building.
Westland Bunker was originally built in 1982 however since 2007 nearly
$30 million of capital improvements have been made, mostly to the data center
space. Overall the property is 90
percent leased to a diverse rent roll of users.
The HFF debt placement
team representing the borrower was led by managing director Colby Mueck.
For a complete copy of the company’s news
release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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